The FinTech revolution is on the verge of finally delivering on some of the longstanding promises of artificial intelligence. Most of us grew up hoping for a world where robots would do repetitious work for us, but the future is never what we expect it to be. Even though we are unlikely to get mechanical […]
FinTechs are rapidly developing new tools for entrepreneurs everywhere. Crowdfunding allows innovative startups and other entrepreneurs to raise funds in ways that were never possible before. FinTechs have also created ways for small and medium-sized enterprises (SMEs) to process payments like their larger competitors. We all need to take steps to keep up with the […]
Europe’s FinTech revolution is bringing exciting new changes to the once placid world of finance. European startups like TransferWise and Revolut are transforming how people everywhere exchange currencies. KPMG reports that investment in European FinTech companies reached over 2 billion US dollars in the 4th quarter of 2017. Can all of this progress be sustained? […]
Ideally, government regulations would take into account all relevant factors. In actual practice, compliance costs severely limit the information available to regulators. It can also be difficult to enforce regulations, and governments often rely on self-reporting. RegTech potentially solves these problems for banks, asset managers, and regulators by applying the latest financial technology to regulations. […]
Some €99.3bn of non-performing loans (NPL) sales have already been announced in 2021, which would surpass last year’s total of €77.8bn across 103 transactions, according to analysis from Deloitte.
In the EBA guidelines on management of non-performing and forborne exposures, banks are required to introduce and operationalise NPL reduction strategies. DLA Piper’s Portfolio Solutions Group has started its internal review process on EBA’s consultation process for NPL transaction data templates. DLA Piper will provide, in particular, country specific views and a diverse approach taking […]
The market for non-performing loan (NPL) transactions in the EU will benefit from improved maturity and transparency following recent legislative and regulatory initiatives. The initiatives should be favorable for the NPL market. “More transparent pricing could also motivate existing NPL sellers to sell more portfolios and more banks to start selling NPLs, both of which […]